Author: Daniel snow
JoeBen Bevirt, founder and CEO of Joby Aviation, stands near an electric air taxi by Joby Aviation at the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023.Roselle Chen | ReutersJoby Aviation is ramping up its manufacturing capabilities in the U.S. as it races to roll out air taxi service in 2026.The electric vertical takeoff and landing (eVTOL) maker said Tuesday that it’s launching production at its remodeled components facility in Dayton, Ohio, and plans to double capacity at its Marina, California, manufacturing hub.”Reimagining urban mobility takes speed, scale, and precision manufacturing. Our expanded manufacturing footprint in…
The iPhone maker is committing $500 million to buying rare-earth magnets from the company’s flagship facility in Texas, which Apple is helping to build out. Source link
Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025.David A. Grogan | CNBCCommerce Secretary Howard Lutnick on Tuesday said the Trump administration reversed course on allowing Nvidia to sell its AI chips to China because the U.S. company will not be giving over its best technology.Lutnick made the remark speaking with CNBC’s Brian Sullivan, saying that Nvidia wants to sell China its “4th best” chip, which is slower than the fastest chips that U.S. companies use.”We don’t sell them our best stuff, not our…
Albertsons shares falls as the gross margin rate drops to the lowest rate in five years, as the company tried to keep prices down despite rising costs. Source link
Jeff Bezos gestures as he leaves Aman Venice hotel, ahead of his expected wedding, in Venice, Italy, on June 25, 2025.Guglielmo Mangiapane | ReutersJeff Bezos is bringing in a veteran Amazon executive to oversee his $10 billion climate and biodiversity fund.Tom Taylor, who previously ran Amazon’s Alexa voice assistant division, will serve as the new president and CEO of the Bezos Earth Fund, the former tech executive wrote in a LinkedIn post on Tuesday. Taylor announced his retirement from Amazon in 2022 after roughly 23 years at the company, which also included a role overseeing the third-party seller services unit.”I…
The U.S. bond market was in the process of selling off on Tuesday in a manner that tends to spell fresh trouble for many stock investors. Source link
Lisa Su, chair and CEO of Advanced Micro Devices Inc., during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesAdvanced Micro Devices said Tuesday that it will soon restart shipments of its MI308 artificial intelligence chips to China. The stock climbed 7% following the news.The company said Tuesday that the U.S. Commerce Department plans to resume reviewing its license applications to send the products to the world’s second-largest economy. AMD said it plans to start shipments once those are approved.”We applaud the progress made by the Trump administration in…
Readers respond to the president’s latest turn in the war. Also: President Trump and Rosie O’Donnell; New Yorkers’ health; travel medical kits. Source link
Inflation in June showed scattered signs of rising costs tied to the Trump tariffs, but Americans simply aren’t paying sharply higher prices because of U.S. trade wars. Here are four things we learned from the latest consumer-price index report. Source link
Jakub Porzycki | Nurphoto | Getty ImagesFairshake, the cryptocurrency industry’s most powerful political action committee, announced Tuesday that it now holds more than $141 million in cash on hand, underscoring the sector’s growing influence as Congress takes up landmark legislation this week.The total, which includes liquid assets like crypto, stock, and cash, reflects a surge of donations from digital asset executives and firms, including a fresh $25 million from Coinbase.Fairshake and its two affiliated PACs — Defend American Jobs and Protect Progress — have raised $109 million since Election Day in 2024 and $52 million during just the first half…